Coinbase

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase unveils lobbying push for a brand new US regulator focused on digital assets

Coinbase has put out a sweeping proposal for a new regulatory regime over digital assets in the United States.  Released on October 14, Coinbase’s plan at its core proposes a drastic reconfiguration of U.S. financial regulation. Most notably, that includes establishing a brand new regulator with control over marketplaces for digital assets, which the firm …

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Coinbase Has Received the Third-Most Complaints Among Digital Wallet Firms

Coinbase Has Received the Third-Most Complaints Among Digital Wallet Firms

Coinbase’s digital wallet has received the third-most complaints among companies operating such wallets over the past four years. Coinbase received 755 complaints from 2017 through April 2021, according to the Massachusetts Student Public Interest Research Group (MASSPIRG), the consumer research and consumer advocacy group that reviewed complaints filed with the Consumer Financial Protection Bureau (CFPB). …

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Brian Armstrong responds to SEC threats to shut down Coinbase yield product

Brian Armstrong responds to SEC threats to shut down Coinbase yield product

Crypto exchange Coinbase CEO Brian Armstrong responded Tuesday evening to planned enforcement by the U.S. Securities and Exchange Commission pertaining to the firm’s recently announced yield-generating product. The firm, which went public on the Nasdaq stock exchange in April, received a subpoena by the SEC less than three months after it announced to the market …

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Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase settles with CFTC for $6.5 million over data reporting, employee wash trading allegation

Coinbase has settled with the Commodity Futures Trading Commission, according to a Friday announcement, and will pay a $6.5 million penalty. The settlement focused on two areas: information about trade activity on Coinbase’s GDAX trading platform and allegations of wash trading by a Coinbase employee during a six-week period in 2016. The U.S. regulator said …

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Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year, according to the exchange operator’s S-1 Form published Thursday. That figure includes $1 million in salary, $56.7 million worth of stock options granted at a fair value, and $1.8 million marked as “all other compensation.” Armstrong’s total benefit for the year …

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Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase to offer secondary market for private shares ahead of public stock listing

Coinbase — the largest cryptocurrency exchange in the U.S. — alerted shareholders that the firm would launch a secondary market for its private stock on Nasdaq Private Market.  The move comes ahead of the firm’s much-anticipated public market debut. Coinbase, which filed a confidential S-1 in mid-December, said that it would provide further details to …

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Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase to ‘decompose’ its application server in wake of recent outage

Coinbase says it will divide up its application server into separate services in an effort to “reduce the blast radius” following an outage last week that impacted the API used for the exchange’s website and mobile apps.  The Coinbase team said Friday that by “decomposing” its application server, it could have different scaling profiles for …

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After Coinbase, Bakkt, Gemini’s Winklevoss brothers are thinking about going public

After Coinbase, Bakkt, Gemini’s Winklevoss brothers are thinking about going public

Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open to …

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Coinbase faces class action lawsuit in California over XRP sale

Coinbase faces class action lawsuit in California over XRP sale

A new lawsuit in California federal court alleges that Coinbase violated the state’s unfair competition laws by making a commission from the sale of Ripple’s XRP. Ripple was recently sued by the Securities and Exchange Commission (SEC) for allegedly issuing XRP as an unregistered securities offering. The new class-action suit was filed by Thomas Sandoval, …

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